SSE reacquires contracting firm from private equity group
Energy group SSE has bought back its former contracting arm, now known as Enerveo and based in Birmingham.
It’s reaquired Enerveo from Aurelius Group, three years after selling it to the investment firm for £27.5m.
In a statement, SEE said: “Enerveo has found it challenging to operate as an independent business.”
“Following the repurchase, SSE will now work with Enerveo management to conduct a review to develop and then implement a longer-term strategy for each part of the business”.
SSE sold the £257m turnover... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
